Food, Drink & Dining Out The Perth Thread - Part 2

[Freo Big Fella]

Well it's not near the beach. Which is basically Perth's main drawpoint.

Feels like Vic Park is talked up more than say Mt Lawley or Subi which is a ****in joke.

Maybe because a lot of people live there and want to big up a suburb that really isn't that good?

I think Scotland summed it up pretty well - the Town of Vic Park seems to be genuinely committed to having the old-style residential and new bar/cafe/residential strips co-existing, which is an attitude Perth Councils generally suck at. (Subi being a classic case in point.) Given their main drag was basically nothing but shitty takeaways and delis just over a decade ago, I reckon they're doing OK.

It's definitely got nothing on Mount Lawley at the moment, but Mount Lawley has a good 10-20 year head-start on it.

 

[Scotland]

Wifey tells me they're putting in traffic lights at Norma Road/Leach Highway so there'll be a set of lights there then the next set at Winthrop Drive less than 500m away I reckon..

 

[Scotland]

I think Scotland summed it up pretty well - the Town of Vic Park seems to be genuinely committed to having the old-style residential and new bar/cafe/residential strips co-existing, which is an attitude Perth Councils generally suck at. (Subi being a classic case in point.) Given their main drag was basically nothing but shitty takeaways and delis just over a decade ago, I reckon they're doing OK.

It's definitely got nothing on Mount Lawley at the moment, but Mount Lawley has a good 10-20 year head-start on it.

There's a bit of everything in Vic Park at the moment, residential wise. Old houses on big blocks, newish houses, units, apartments, dingy 1960s blocks of flats.

Vic Park/East Vic Park is home to about 15,000 people so there is some scope for actually having cafes, bars etc. There's not much in any of the surrounding suburbs either. Proximity to Curtin keeps the trade of Asian restaurants thriving. Personally I don't think of it as a place to 'go out' but there would be 3 or 4 suburbs in the entire Perth metro area that fit that bill. Most suburbs have a vibe of needing to drive for everything which I find a bit depressing.

 

[JackOutback]

Vic Park is a place I'd 'go out' to for dinner, but not a night of drinks.

 

[ioppolo]

There's five or six bars in Vic Park from memory.

 

[Beerfish]

Such a fantastic weekend. I wish it would never end. First full week of work for some time coming up.

 

[Impunity!]

Yep up all night on the glass bbq then straight to the Arena for 6:30am beers and UFC. How good is Perth

 

[Scotland]

Vic Park is a place I'd 'go out' to for dinner, but not a night of drinks.

I reckon that's a good opportunity for the area, to convert customers like you.

From the Welshpool Rd/Albany Hwy/Shepparton Rd fork down to the Causeway there are 3 pubs (+ Franklin's if you count that) and a handful of cafe bar type places. Potential.

 

[Power Raid]

23% interest rates lasted how long and your mortgage was how much?

The biggest problem facing my generation and those younger is that we've run out of factors to eat up the debt. A $500k mortgage is nothing if you are earning $200k in 5 years time and houses cost $1m, but we already have some of the highest wages and house prices in the world. A 20-30 year debt does what it says on the tin because we're playing catch up between wages and prices and will be for some time.

The baby boomers just don't seem to get this. My old man has told me about the unit he bought for $11k, the land he bought and the house he built for $40k etc. but glosses over the fact that each time within a few years the debt was relatively nothing. I bought in 2009 and in 2018 my home loan is still sitting there staring me in the face.

you're right.

Historically we could buy a house on a multiple of 3-4 times wages (probably 6 times after tax as tax rates were higher). Although the first 3-5 years of the mortgage were tough as interest rates were 7-12%, wage growth meant that after that initial period, you could break the back of the mortgage pretty quick.

My first job paid a whopping $3.57 an hour and after a 60 hour week I pulled in a $180 a week after tax. To make ends meet, I lived at home and worked two extra jobs totalling circa 100 hours a week. Obviously wages increased relatively quickly meaning I could give up the long hours.

I guess what I'm saying is although it was always hard, back in the "old days" you could just work harder to break through. These days that's still possible but I feel working smarter is far more important. This puts kids from disadvantaged sections of the community behind the eight ball as they don't have mentors who can explain what "working smarter" means.

 

[Power Raid]

Mine was $33k, the second $150k and the one I currently live in in North Perth $210k

I feel really sorry for this generation and those coming behind them - it’s well and truly getting out of reach. My son does relatively okay financially but there’s no way unless he moved to south Geraldton that he could do a mortgage on his own and still travel and “live” unless he was prepared to eat noodles for the next 20 years.

I love North Perth

I sold my property on Auckland street near the hobart deli. The place had a really nice vibe.

 

[Scotland]

Interest rates play a big role, too. If you could borrow money at 20% in 1990, you were laughing when it was 7% in 1993. If you borrowed at 4% in 2016 then there is next to no scope for rates to fall lower.

 

[quotemokc]

I remember when it used to be a deli run by a Vietnamese family

 

[Off The Couch]

I remember when it used to be a deli run by a Vietnamese family

They still own the property and live in the area

 

[quotemokc]

They still own the property and live in the area

did not know

 

[Off The Couch]

did not know

The shop being leased was the best thing that could have happened - it went from okay with them owning it to horrendous when others were leading it. Walking in there used to make you dry retch - it was so dirty and stunk badly. It closed for about a year and that’s when it was leased for the amazing rent of $400 a week and turned in to “the” place to eat and for all the mummy groups to grab their coffees from and head to the park across the road. I doubt they are still paying $400 now

 

[Power Raid]

Interest rates play a big role, too. If you could borrow money at 20% in 1990, you were laughing when it was 7% in 1993. If you borrowed at 4% in 2016 then there is next to no scope for rates to fall lower.

I’d also love to understand how Re zoning has increased property prices.

Smaller properties were supposed to lead to affordable prices but it seems we have the same or higher price for an inferior product.

 

[Beerfish]

I’d also love to understand how Re zoning has increased property prices.

Smaller properties were supposed to lead to affordable prices but it seems we have the same or higher price for an inferior product.

Because it's brand new!

 

[Billy ray]

Because it's brand new!

gotta be double brick and tile too maaate
its WA!

 

[Scotland]

I’d also love to understand how Re zoning has increased property prices.

Smaller properties were supposed to lead to affordable prices but it seems we have the same or higher price for an inferior product.

Pricing never flattens out because the whole market is built on speculation and accumulation. The people who benefit most from rezoning are those who already own big blocks.

 

[Beerfish]

Pricing never flattens out because the whole market is built on speculation and accumulation. The people who benefit most from rezoning are those who already own big blocks.

Yep. Have a corner block in South Lake that will become a triplex when the rezoning goes through. Hopefully that's where we make up for the Bertram debacle.

 

[Power Raid]

I don't mind apartment living but I feel Perth will regret following Sydney and Melbourne into the low quality of living model

rezoning should be more than just allowing cheap shit to be built

 

[Scotland]

Most apartments in Perth are pretty shit.

 

[Billy ray]

Most apartments in Perth are pretty shit.

this one looks kinda ok

https://www.realestate.com.au/property-apartment-wa-west+perth-120268989

 

[Off The Couch]

My girls were recently looking at places and for 95% it was all about the developer maximising how many he could put on the site rather than appealing to any particular demographic. I don’t understand why, when so many are having to buy a shared place that bedrooms aren’t designed to reflect that rather than the shoe boxes they try to pass off as a second bedroom

 

[Beerfish]

Most apartments in Perth are pretty shit.

Thanks SA.